August 26, 2019 | Eisman Still Short Canadian Banks

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Canadian banks are doubling down on commercial loans as defaults rise, the economy slows and a flat yield curve is hurting profits. Accelerating loan growth at the end of credit cycles typically ends badly for the lenders.

Steve Eisman, portfolio manager at Neuberger Berman, joins BNN Bloomberg to provide his latest take on the Canadian bank earnings and why he’s now shorting Canadian Tire. Here is a direct video link.